<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Hacker News: turtlesdown11</title><link>https://news.ycombinator.com/user?id=turtlesdown11</link><description>Hacker News RSS</description><docs>https://hnrss.org/</docs><generator>hnrss v2.1.1</generator><lastBuildDate>Tue, 19 May 2026 02:59:18 +0000</lastBuildDate><atom:link href="https://hnrss.org/user?id=turtlesdown11" rel="self" type="application/rss+xml"></atom:link><item><title><![CDATA[New comment by turtlesdown11 in "X accounts are limited to 50 posts and 200 replies a day unless they pay"]]></title><description><![CDATA[
<p>trying to monetize the botnets</p>
]]></description><pubDate>Mon, 18 May 2026 21:55:02 +0000</pubDate><link>https://news.ycombinator.com/item?id=48186274</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48186274</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48186274</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "Elon Musk has lost his lawsuit against Sam Altman and OpenAI"]]></title><description><![CDATA[
<p>The Dunning Kruger effect is very, very strong on HN. Also, many folks believe they are an expert in their own domain, so they must be an expert in all...you can see the Nobel disease play out in the minor leagues here.</p>
]]></description><pubDate>Mon, 18 May 2026 21:48:15 +0000</pubDate><link>https://news.ycombinator.com/item?id=48186172</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48186172</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48186172</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "Elon Musk has lost his lawsuit against Sam Altman and OpenAI"]]></title><description><![CDATA[
<p>>  particularly in cases like this where the acts in question weren't necessarily a single event but progressive activity is the kind of question which is the bread and butter of an appeals court.<p>No, findings of disputed fact - like when Musk had reason to know of his injury, are determined by a jury (or a bench judge). Appeals courts examine whether the law was applied correctly, not what the jury's fact finding was. There may be an avenue of appeal that the jury was improperly instructed, but determining questions of fact are exactly -not- the bread and butter of an appeals court.</p>
]]></description><pubDate>Mon, 18 May 2026 21:36:43 +0000</pubDate><link>https://news.ycombinator.com/item?id=48186042</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48186042</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48186042</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "Elon Musk has lost his lawsuit against Sam Altman and OpenAI"]]></title><description><![CDATA[
<p>There is clear empirical data<p><a href="https://futurism.com/elon-musk-most-hated-person-america-gallup" rel="nofollow">https://futurism.com/elon-musk-most-hated-person-america-gal...</a><p>> And the latest poll conducted by Gallup seems to confirm that Musk has become genuinely hated: a whopping 61 percent of 1,000 randomly selected adult American respondents said they had an unfavorable opinion of Musk, topping the list of most despised global figures.<p>> Even Israeli prime minister Benjamin Netanyahu, who has widely been accused of genocide against Palestinians, couldn’t quite match Musk’s “strongly negative skew,” with just 52 percent of respondents saying they had an unfavorable opinion of the politician.</p>
]]></description><pubDate>Mon, 18 May 2026 21:28:05 +0000</pubDate><link>https://news.ycombinator.com/item?id=48185917</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48185917</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48185917</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "Elon Musk has lost his lawsuit against Sam Altman and OpenAI"]]></title><description><![CDATA[
<p>> Back when Musk proposed buying Twitter, the site already was in the gutters<p>I think you'd be hard pressed to find a single serious person who'd say Twitter is a better product/experience today than prior to the acquisition.<p>The place continues to bleed users and is the first stop shop for Nazis</p>
]]></description><pubDate>Mon, 18 May 2026 21:26:33 +0000</pubDate><link>https://news.ycombinator.com/item?id=48185899</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48185899</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48185899</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "AI eats the world (Spring 26) [pdf]"]]></title><description><![CDATA[
<p>Lots of quotes from Mark Zuckerberg, not a lot of Zuckerberg quotes on the $80b invested in the metaverse</p>
]]></description><pubDate>Mon, 18 May 2026 14:28:39 +0000</pubDate><link>https://news.ycombinator.com/item?id=48180410</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48180410</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48180410</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "eBay Rejects GameStop's $56B Takeover as Not Credible"]]></title><description><![CDATA[
<p>Here in 2026, Gamestop has closed more than 4,000 stores and only has about 2,000 stores open.<p>The people have voted with their feet, despite anecdata</p>
]]></description><pubDate>Wed, 13 May 2026 15:17:06 +0000</pubDate><link>https://news.ycombinator.com/item?id=48123064</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48123064</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48123064</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "eBay Rejects GameStop's $56B Takeover as Not Credible"]]></title><description><![CDATA[
<p>I hope this happens bc they can't even get financing so it would prolong the hilaritiy</p>
]]></description><pubDate>Wed, 13 May 2026 13:44:43 +0000</pubDate><link>https://news.ycombinator.com/item?id=48121831</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48121831</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48121831</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "eBay Rejects GameStop's $56B Takeover as Not Credible"]]></title><description><![CDATA[
<p>very impressive spokesman for the business and transaction<p>> it's on our website
<a href="https://www.youtube.com/watch?v=Bmj2PaxX24E" rel="nofollow">https://www.youtube.com/watch?v=Bmj2PaxX24E</a></p>
]]></description><pubDate>Wed, 13 May 2026 13:39:23 +0000</pubDate><link>https://news.ycombinator.com/item?id=48121775</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48121775</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48121775</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "eBay Rejects GameStop's $56B Takeover as Not Credible"]]></title><description><![CDATA[
<p>TD bank is never going to give $20b for this transaction, they spelled it out quite clearly in their HC letter. It was a publicity stunt by GME.</p>
]]></description><pubDate>Wed, 13 May 2026 13:37:29 +0000</pubDate><link>https://news.ycombinator.com/item?id=48121747</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48121747</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48121747</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "eBay Rejects GameStop's $56B Takeover as Not Credible"]]></title><description><![CDATA[
<p>> They have leaned hard into collectables as a way to expand their business and retail model<p>This is a market that is a fraction of the size of the game market, their pivot is into a smaller business?</p>
]]></description><pubDate>Wed, 13 May 2026 13:34:54 +0000</pubDate><link>https://news.ycombinator.com/item?id=48121718</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48121718</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48121718</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>> Is Ebay really THAT badly run that they can find such efficiencies?<p>Well, we should point out that Gamestop hasn't grown their own business - they've lost 50% of revenue since 2020. Why would anyone trust that management to "turn around" another business?</p>
]]></description><pubDate>Tue, 05 May 2026 19:10:29 +0000</pubDate><link>https://news.ycombinator.com/item?id=48027101</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48027101</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48027101</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>> A strong cash position business like that is effectively a finance sort of business<p>You are conflating companies that make a lot of cash (and therefore can afford debt service) to a company that has limited cash flow, but has a large pile of cash.<p>The shareholders would be best served by a special dividend of the cash. Management has shown zero ability to grow a business.</p>
]]></description><pubDate>Tue, 05 May 2026 19:06:08 +0000</pubDate><link>https://news.ycombinator.com/item?id=48027032</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48027032</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48027032</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>> Declining revenue does not matter<p>When the revenue goes to zero, how much of that pie will be profit? The industry they're in is dying quite quickly, and there are no other revenue centers. The high margin business they had was reselling physical game media.<p>This is  the same story as other dead physical media, CD's, DVDs, etc. It's going to continue to decline, and GME has no pipeline of future revenue. They continue to close stores and shrink.<p>Also, yikes
<a href="https://xcancel.com/sshxbt/status/2051311101279887652" rel="nofollow">https://xcancel.com/sshxbt/status/2051311101279887652</a></p>
]]></description><pubDate>Tue, 05 May 2026 15:38:32 +0000</pubDate><link>https://news.ycombinator.com/item?id=48024021</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48024021</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48024021</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>>Not growing revenue<p>Not growing revenue would be one thing, they're shedding revenue at pace - 50% decline since 2020.<p>> Shareholders seem to agree<p>First, it's a meme stock. The market can remain irrational for long periods. Another way to analyze it - almost all of the market cap of ~$10b is the $9b in cash. The shareholder pricing tells you they value the business at it's cash assets.<p>Gamestop's business of physically selling video games, consoles, etc is a dying/dead industry. Nothing can change the trajectory of the market that is almost completely disappeared.<p>It's a Blockbuster or Tower Records, a dead business running on fumes and memestock valuation.</p>
]]></description><pubDate>Mon, 04 May 2026 22:35:02 +0000</pubDate><link>https://news.ycombinator.com/item?id=48015858</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48015858</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48015858</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>Their margin was highest on used physical media, which continues to plummet. Physical sales are down from $13b in 2015 to $1.5b in 2025, while total sales of physical + digital went from $23.5b in 2015 to $60b in 2025. Physical media is a tiny fraction of current game sales, even if their margin skyrockets, they're stuck in a tiny kid pool of potential sales.</p>
]]></description><pubDate>Mon, 04 May 2026 20:17:47 +0000</pubDate><link>https://news.ycombinator.com/item?id=48014397</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48014397</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48014397</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>Total revenue has declined for several years, -27% in 2024, -11% in 2023 (2023 rev was $5.9b, to $3.6b in 2025, this is a shrinking business).</p>
]]></description><pubDate>Mon, 04 May 2026 20:11:58 +0000</pubDate><link>https://news.ycombinator.com/item?id=48014326</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48014326</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48014326</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>Operating income was $232.1 million, not $285.9 million.<p><a href="https://investor.gamestop.com/news-releases/news-details/2026/GameStop-Reports-Fourth-Quarter-and-Fiscal-Year-2025-Results/default.aspx" rel="nofollow">https://investor.gamestop.com/news-releases/news-details/202...</a><p>That total revenue also declined 5% YoY</p>
]]></description><pubDate>Mon, 04 May 2026 19:04:21 +0000</pubDate><link>https://news.ycombinator.com/item?id=48013386</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48013386</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48013386</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>> GameStop already has this network of pawn shops, and those stores are doing enough business to justify their existence<p>Gamestop closed 2,400 stores from 2020 to present, and operates just 2,200 stores currently. They'll continue to close stores as their revenue continues to shrink (down 60% in the last decade).<p>>used gaming inventory<p>physical used game inventory is a fraction of what it was a decade ago, and continues to shrink as a category, digital sales continue to climb and exclude Gamestop</p>
]]></description><pubDate>Mon, 04 May 2026 18:26:51 +0000</pubDate><link>https://news.ycombinator.com/item?id=48012796</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48012796</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48012796</guid></item><item><title><![CDATA[New comment by turtlesdown11 in "GameStop makes $55.5B takeover offer for eBay"]]></title><description><![CDATA[
<p>Perhaps a simple analogy would work here - you made $86,000 in 2016, and had a $6,000 surplus that represents your profit. In 2020 you made $50,000 and spent $5,0000 of your savings to stay afloat. You shrink your lifestyle. Now in 2025, you make $35,000 a year, and have a $2,000 surplus. There are no prospects for more income and you expect to earn $32,500 next year, and maybe $30,000 the year after. Would you consider this a turnaround for your finances?<p>Likewise, the company's revenue has declined ~60% in the last ten years, and declined 5% from 2024 to 2025. The business became marginally profitable when they shrank the business by reducing operating expenses and produced a small profit.<p>There are no significant avenues for growth in their current business model, revenue will continue to decline, as it has for the last ten years because the core model of re-selling used games continues to shrink. As revenue decline continues, they'll run out of people to lay off and stores to close, there will be no profit because the revenue is too small, and the company will BK.<p>There is no turn around, the company continues a death spiral.</p>
]]></description><pubDate>Mon, 04 May 2026 18:11:03 +0000</pubDate><link>https://news.ycombinator.com/item?id=48012565</link><dc:creator>turtlesdown11</dc:creator><comments>https://news.ycombinator.com/item?id=48012565</comments><guid isPermaLink="false">https://news.ycombinator.com/item?id=48012565</guid></item></channel></rss>